Ourgame takes the middle line with $107m IPO

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By Rashmi Kumar
26 Jun 2014

Chinese online board and card game developer Ourgame International Holdings priced its HK$833m ($107m) IPO in the mid-point of its indicative price range on June 24, according to bankers on the deal.

Ourgame, which had over 447m registered players as of March 31, 2014, sold 196m primary shares and went out to investors during bookbuilding with an indicative price range of HK$3.70-HK$4.80. In the end, the company priced the deal at HK$4.25 – the middle of guidance.

“The deal went really ...

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